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Stock impact report

Apollo, BlackRock, Oaktree Ask Judge to Toss Altice Lawsuit [Yahoo! Finance Canada]

Altice USA, Inc. Class A (ATUS) 
Last altice usa, inc. class a earnings: 2/12 04:05 pm Check Earnings Report
Most Read from Bloomberg Altice USA, now known as Optimum Communications Inc., is trying “to weaponize the antitrust laws” to gain an advantage in debt talks, the lenders said. “But antitrust law protects competition — not a borrower's desire for leverage in renegotiating its liabilities in times of distress.” The creditors also contend that the company wants to use “antitrust law to rewrite their credit contracts.” The lenders want the judge to throw out the lawsuit that Optimum filed in November alleging the lenders violated federal law by entering into so-called cooperation agreements that suppressed competition among creditors. The case has put a spotlight on the increasingly common pacts, which are designed to give bondholders and loan investors greater leverage in restructurings by letting them negotiate as a bloc rather than individually. “We brought this action to defend our legal rights, and our objective remains to protect Optimum's ability to access competitive and Show less Read more
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